Beaufield Resources Inc.
TSX VENTURE : BFD

Beaufield Resources Inc.

April 04, 2016 11:02 ET

Beaufield to Advance Zone 18 Area at Urban

MONTREAL, QUEBEC--(Marketwired - April 4, 2016) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) reports that it has commissioned Geologica Groupe-Conseil Inc. ("Geologica") of Val-d'Or (Quebec) to provide a comprehensive compilation and independent evaluation study of the Rouleau gold deposit (Zone 18) and the surrounding area on its Urban property.

The study will include all available historical geophysical, geochemical and diamond drilling data for the central portion of the Rouleau block where at least 3 gold zones have previously been identified by drilling.

The scope of work will consists of:

  1. Validation and verification of all the data available;
  2. Digitization of relevant data;
  3. A detailed geological interpretation (lithology, structure, mineralization);
  4. The production of a 3D model of the Zone 18 mineralization and geology;
  5. Providing target recommendations for an initial drill program (Phase 1) in order to evaluate the expansion potential of the gold mineralization on the principal gold zones.

A review of historical data for the zone 18 indicates that many drill holes have intersected gold over varying widths, some of which are presented in the following table:

Hole ID From
(m)
To
(m)
Length
(m)(1)
Au
(g/t)
Quebec
MERN
Report(2)
87-18 46.83 50.18 3.35 4.80 GM47491
87-33 93.04 97.40 4.36 8.98 GM47491
87-34 60.83 63.27 2.44 1.39 GM47491
87-35 28.90 32.19 3.29 4.97 GM47491
87-36 137.40 138.73 1.33 1.44 GM47491
87-37 72.70 73.82 1.12 5.75 GM47491
87-44 126.05 128.25 2.20 1.73 GM47491
87-51 143.46 149.41 5.95 7.64 GM47491
87-52 246.10 247.60 1.50 8.37 GM47491
87-53 152.50 155.00 2.50 5.37 GM47491
87-54 273.65 277.95 4.30 3.19 GM47491
87-63 347.00 350.05 3.05 27.53 GM47491
101-66 217.84 219.92 2.08 4.05 GM47491
101-68 437.00 443.00 6.00 5.82 GM47491
101-70 281.52 283.82 2.30 3.02 GM47491
101-71 246.26 249.00 2.74 0.82 GM47491
101-72 305.00 307.00 2.00 4.65 GM47491
101-76 422.06 422.28 0.22 21.31 GM47491
101-88 363.00 367.06 4.06 1.75 GM47491
101-100 317.70 319.00 1.30 5.35 GM47491
101-103 512.00 514.00 2.00 9.40 GM47491
BFRL 401 24.81 28.54 3.73 11.63 GM61527
BFRL 402 15.95 20.00 4.05 7.65 GM61527
BFRL 405 41.32 44.56 3.24 2.41 GM61527
BFRL 409 90.75 95.04 4.29 6.05 GM61527
(1) May not represent true width
(2) Ministry of Energy and Natural Resources of Quebec

Located 7 kilometres southeast of the Windfall gold deposit, the Rouleau gold mineralization (or gold zone) was originally discovered in 1987 by a Beaufield Falconbridge earn in and joint venture. Subsequent drilling mainly targeted the core of zone 18 and zone 17 located approximately 900m further west. The proximity of property boundaries at the time constrained drilling, inhibiting verification of potential of the mineralization extensions. Beaufield subsequently purchased the Falconbridge interest and acquired the adjoining properties to now own 100% of the prospective geology.

Geologica

Based in Val d'Or, Quebec, Geologica Groupe-Conseil Inc., has been offering geological services to the mining and mineral exploration industries for close to 30 years. It has an extensive and deep understanding of the Abitibi geology and was chosen by Beaufield because of its expertise.

Geologica's client list includes Integra Gold. The Geologica work has contributed significantly to one of the current big exploration successes in Quebec.

Qualified Person

This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield the Qualified Person, as defined by National Instrument 43-101.

About Beaufield:

Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.

The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Contact Information

  • Beaufield Resources Inc.
    Jens E. Hansen
    President and CEO
    514.842.3443

    Beaufield Resources Inc.
    Mathieu Stephens
    VP Exploration and Corporate Development
    613.721.2919
    info@beaufield.com
    www.beaufield.com